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JP Morgan - Latest News [Page 6]
NZIER survey showed price pressures subdued in NZ
Tuesday, 6 April 2010, 11:38 am | JP Morgan
The NZIER Quarterly Survey of Business Opinion (QSBO) signaled that the recovery underway in New Zealand continues, although at a slower pace than firms expected when last surveyed three months ago. The headline reading eased back from +31 in ... More >>
FX Daily Planet: Sydney/Asia Open
Saturday, 3 April 2010, 12:10 pm | JP Morgan
Strong economic news is helping equities higher in afternoon trading, and the USD is broadly weaker against the majors. Today’s economic reports were positive, with initial jobless claims continuing their march lower, non mfg. ISM making strong gains, ... More >>
Daily Economic Briefing: April 1, 2010
Saturday, 3 April 2010, 11:58 am | JP Morgan
The manufacturing PMIs delivered strong gains in March, with our global index rising 1.3 pts to 56.7. The March reading set a new high for the expansion and is just a point below the series high dating back to 1998, when we began keeping records. More >>
Global Data Watch: They Call It Good Friday
Saturday, 3 April 2010, 11:18 am | JP Morgan
March data confirm that the transition to a sustainable global expansion is complete; Expecting growth in US (4%) and Euro area (3%) to quicken this quarter More >>
FX Daily Planet: New York Open
Saturday, 3 April 2010, 10:34 am | JP Morgan
It has been a quiet start to the new trading month in the FX markets. European equities are trading higher though the performance of both USD and JPY has been mixed. CAD has shone once again Whilst NZD remains under pressure. More >>
FX Daily Planet: London Open
Saturday, 3 April 2010, 10:25 am | JP Morgan
Only major mover in the Asian session was NZD, which declined 0.7% against USD on IMF estimation suggesting NZD is overvalued by 10-25%. Other majors stayed in tight ranges against USD. The March BoJ Tankan survey was largely in line with consensus ... More >>
Aussie trade deficit blew back out in February
Thursday, 1 April 2010, 3:46 pm | JP Morgan
Australia’s trade balance remained in deficit for the tenth straight month in February, widening significantly to A$1.9 billion (J.P. Morgan and consensus -A$1.34 billion) from a downwardly revised A$1.1 billion in the previous month. Stronger imports largely ... More >>
FX Daily Planet: Sydney/Asia Open
Thursday, 1 April 2010, 11:08 am | JP Morgan
Generally negative economic news weighed on risk markets early in the session, with equities opening lower only to rally in to about flat on the day. The USD generally weakened against the majors, with CHF, NOK and SEK today’s biggest gainers. The ... More >>
Plunge in Aussie retail sales to sideline RBA
Wednesday, 31 March 2010, 6:21 pm | JP Morgan
The last domestic economic releases ahead of the RBA’s April Board meeting today offered material surprises that support our central view that the next 25bp rate hike will be delayed until May. The retail numbers shocked on the downside, as did ... More >>
NZ business confidence worsened in March
Wednesday, 31 March 2010, 4:32 pm | JP Morgan
The headline reading on the NBNZ business confidence survey retreated in March as we had expected, falling to a net balance of 42.5 (J.P. Morgan: 45) from a net balance of 50.1 in February, which had marked the highest reading in over a decade. The headline ... More >>
NZ business confidence worsened in March
Wednesday, 31 March 2010, 4:31 pm | JP Morgan
The headline reading on the NBNZ business confidence survey retreated in March as we had expected, falling to a net balance of 42.5 (J.P. Morgan: 45) from a net balance of 50.1 in February, which had marked the highest reading in over a decade. The headline ... More >>
FX Daily Planet: Sydney/Asia Open
Wednesday, 31 March 2010, 10:47 am | JP Morgan
Mixed equity market performance is weighing on high beta and the USD is higher against the majors in afternoon trading. Equities failed to move significantly and are currently about flat in afternoon trading despite positive economic reports earlier in the ... More >>
Daily Economic Briefing: March 30, 2010
Wednesday, 31 March 2010, 10:45 am | JP Morgan
Although this week’s major focus will be the US labor market report and the global manufacturing PMI, we also are paying close attention to data from Japan. Our forecast had looked for a significant moderation in Japanese growth in 1H10, based on a loss ... More >>
FX Daily Planet: Sydney/Asia Open
Tuesday, 30 March 2010, 9:51 am | JP Morgan
The slow steady grind higher continues for US equities, which are up about 0.6% in afternoon trading. The successful 7y bond issue by Greece was oversubscribed which is certainly a good sign, and is helping support the positive tone in markets today. ... More >>
Daily Economic Briefing: March 29, 1010
Tuesday, 30 March 2010, 9:36 am | JP Morgan
This week will be important for taking the pulse of the global economy. We sense that positive momentum is building, including a broader base of demand growth both sectorally and regionally, and a corresponding lift in employment. Key reports will ... More >>
Australia and New Zealand - Weekly Prospects
Monday, 29 March 2010, 12:29 pm | JP Morgan
• The week ahead in Australia will settle once and for all the debate about whether the RBA hikes in April, or whether they wait until May, our preferred option. It would take material upside surprises on this week’s retail sales, credit and building ... More >>
Global Data Watch: Finishing The Hat
Saturday, 27 March 2010, 1:42 pm | JP Morgan
The global economy is on the cusp of achieving self-sustaining growth; Global financial conditions have stayed growth supportive More >>
Corporate Hedging Recommendation
Saturday, 27 March 2010, 12:19 pm | JP Morgan
EUR sentiment has been dented by Greece and by sub-par economic data releases. However, with signs that the Greek situation is now being addressed and with the recent improvement in Euro area data, we look for EUR/JPY to rally over the coming 12 months. More >>
FX Markets Weekly: Debt Restructuring, Devaluation
Saturday, 27 March 2010, 11:09 am | JP Morgan
The EU’s decision to partner with the IMF, and Greece’s likely decision to tap public markets rather than the Fund, are short-term positives for the euro. EUR/USD and EUR/JPY still appear to carry a 5% risk premium, which should decline if Greece ... More >>
EU Reaches A Deal On Greece
Saturday, 27 March 2010, 10:59 am | JP Morgan
The agreement on a Greek support mechanism reached last night at the EU summit appears to give something to everyone:The Germans get co-funding with the IMF; The French get a commitment to “a strong coordination of economic policies in Europe”; More >>
